A year after Credit Sesame acquired Canadian challenger bank Stack, the integration of Stack’s technology and team is complete. Credit Sesame, a credit and loans company launched in 2010, is building out its digital banking offering called Sesame Cash that it launched last year in the U.S. Since its launch, it has picked up 1.25 […]
Astra, a technology company offering advanced transfer solutions between banks, announced a formal partnership with Plaid to offer integrated programmatic money movement, according to a press release. The partnership means that companies will be able to utilize both Plaid’s Auth product and Astra’s automation platform in unison, enabling automated ACH transfers to users. Developers will […]
Throughout the past year, the financial industry has drastically changed due to the impacts of the global pandemic and increasing member expectations. Members are increasingly preferring digital banking services, which has allowed challenger banks and fintechs to become fierce competition for credit unions. As credit unions strive to achieve digital transformation, their efforts are hindered […]
Prosus, a Dutch venture builder who owns and operates payment processing subsidiary PayU, agreed to acquire Indian digital payment company Billdesk for $4.7 billion, according to Bloomberg.
The highly convenient Buy Now, Pay Later (BNPL) model has witnessed frenzied success on an international level. Australian-based Klarna has captured almost half of all BNPL users, and Visa and Mastercard are duking it out in nearly every continent to grab users loyalty.
Paidy, a Japanese fintech unicorn offering Buy Now, Pay Later (BNPL) services, is considering a public listing in the near future, according to the Financial Times.
Zeal, an embedded fintech company developing individualized payroll building products, announced a $13 million Series A led by Spark Capital, according to TechCrunch.
PawaPay, a UK company focused on building financial infrastructure in sub-Saharan Africa, announced raising a $9 million seed round co-led by 88mph and MSA Capital, according to EU-Startups.
Finicity, an open-banking solutions provider that was acquired by Mastercard in 2020, announced a partnership with its one-touch Mortgage Verification Service and ICE Mortgage Technology on Thursday. The integration allows borrowers to permission data so that lenders can quickly verify assets, income and employment.
U.S Bank is putting its money where its tech is. The national bank announced Thursday it is becoming a limited partner in two venture capital firms focused on the expansion of fintech: Fin Venture Capital and Commerce Ventures.
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